| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 8/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 14.51% |
| |
| Delinquency Status (*) | |
| 30+ Days | 4.28% |
| 60+ Days | 1.89% |
| 90+ Days | 1.14% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.76% |
| Foreclosure | 2.59% |
| REO | 2.65% |
| |
| Cumulative Net Loss | 0.89% |
| Loss Severity | 51.34% |
| |
| Prepayment Experience | |
| 1mo CPR | 20.51% |
| 3mo CPR | 18.30% |
| 6mo CPR | 20.59% |
| 9mo CPR | 26.12% |
| 12mo CPR | 29.31% |
| Life CPR | 41.02% |
|